Proposed Provision: E2.2. Eliminate the taxable maximum in years 2017 and later, and apply full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings above the current-law taxable maximum.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 293 |
| 2019 | 262 | 294 |
| 2020 | 246 | 294 |
| 2021 | 231 | 294 |
| 2022 | 216 | 292 |
| 2023 | 200 | 289 |
| 2024 | 183 | 285 |
| 2025 | 165 | 279 |
| 2026 | 149 | 275 |
| 2027 | 132 | 270 |
| 2028 | 115 | 266 |
| 2029 | 98 | 262 |
| 2030 | 81 | 258 |
| 2031 | 64 | 254 |
| 2032 | 46 | 250 |
| 2033 | 27 | 245 |
| 2034 | 8 | 241 |
| 2035 | -11 | 236 |
| 2036 | -30 | 231 |
| 2037 | -50 | 225 |
| 2038 | -71 | 219 |
| 2039 | -91 | 214 |
| 2040 | -112 | 208 |
| 2041 | -133 | 203 |
| 2042 | -154 | 197 |
| 2043 | -176 | 191 |
| 2044 | -197 | 186 |
| 2045 | -218 | 180 |
| 2046 | -240 | 175 |
| 2047 | -262 | 169 |
| 2048 | -283 | 164 |
| 2049 | -305 | 158 |
| 2050 | -327 | 152 |
| 2051 | -349 | 146 |
| 2052 | -371 | 140 |
| 2053 | -393 | 134 |
| 2054 | -415 | 127 |
| 2055 | -437 | 121 |
| 2056 | -460 | 113 |
| 2057 | -482 | 106 |
| 2058 | -506 | 98 |
| 2059 | -529 | 89 |
| 2060 | -553 | 81 |
| 2061 | -578 | 72 |
| 2062 | -603 | 62 |
| 2063 | -628 | 53 |
| 2064 | -654 | 43 |
| 2065 | -680 | 32 |
| 2066 | -706 | 21 |
| 2067 | -733 | 10 |
| 2068 | -760 | -1 |
| 2069 | -788 | -13 |
| 2070 | -816 | -25 |
| 2071 | -845 | -38 |
| 2072 | -874 | -50 |
| 2073 | -905 | -64 |
| 2074 | -935 | -77 |
| 2075 | -967 | -91 |
| 2076 | -1000 | -105 |
| 2077 | -1033 | -119 |
| 2078 | -1068 | -134 |
| 2079 | -1102 | -149 |
| 2080 | -1138 | -163 |
| 2081 | -1173 | -178 |
| 2082 | -1208 | -194 |
| 2083 | -1243 | -209 |
| 2084 | -1279 | -224 |
| 2085 | -1314 | -240 |
| 2086 | -1349 | -255 |
| 2087 | -1384 | -271 |
| 2088 | -1419 | -287 |
| 2089 | -1455 | -304 |
| 2090 | -1491 | -320 |
| 2091 | -1528 | -337 |
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